The Globe and Mail reports in its Friday, Nov. 22, edition that Eight Capital analyst Adhir Kadve is sticking with his "buy" recommendation for Open Text. The Globe's David Leeder writes that Mr. Kadve, however, gave his share target a $7 trim to $35 (all figures U.S.). Analysts on average target the shares at $37. The Globe says Mr. Kadve likes certain aspects of Open Text's priorities, particularly returning capital to shareholders. However, he sees "other parts (such as accelerating organic revenue growth) as requiring meticulous execution prior to seeing a rerating in shares." Mr. Kadve says in a note: "The event provided no financial updates on F25 or F27 targets, which were reiterated and clearly emphasized Open Text's near-term focus. To that end, the company will be focusing on 1) achieving organic revenue growth in F25, led by cloud, 2) bolstering its efficiency to continue to drive margin expansion and 3) its capital allocation program which prioritizes shareholder returns as opposed to any M&A activity (which was clearly communicated as not a near-term priority). Another focus was on the company's AI suite of products called Aviator which are now being embedded across the product suite."